Today we are going to talk of something thats gonna work (hopefully with HIS grace !).Am going to show you 4 picks and its NSE price.Lets wait and see how it grows and how fast it grows.
| Name of the Company | @ NSE price Rs. |
|---|---|
| SELAN EXPLORATION | 382.10 |
| SUZLON ENERGY LTD | 74.75 |
| UNITECH LTD | 72.30 |
| YES BANK LTD | 245.20 |
These were picked as the market fell on the previous days that is from 25th Jan 2010 to 27thJan2010. This a market correction and its always considered healthy. For the past 7-8 months the market was bullish and now a correction happened because of a major factor i.e. RBI raising the CRR by 0.75 to 5.75% .
This CRR is "Cash Reserve Ratio" and it is used to control the liquidity.Inrease in CRR will reduce the money in circulation and banks will have less fund at hand to lend. This helps to reduce the liquidity and hence control the inflation as banks cannot lend more money , people have less money to spend and hence the value for money increases. Similarly the SLR was also increased by 1% to 25%. This SLR is "Statuory Liquid Ratio" and it is the minimum percentage of liquid cash to be maintained by the banks. Only the the rest of the cash can be used for lending and hence increase in the SLR will restrict banks from lending more money.
Ok back to the picks.This dip is a good investment point to start with. Let us wait and see how these stocks grow over a period of time.
Hope this will be useful ! :P See you again in the next post. !!!
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